Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

I know it's not deductible as an itemized deduction, trying to understand if it's deductible on form 8960.

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Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

On form 8960, miscellaneous investment expenses on line 9c can be deducted only to the extent these items are deductible in Schedule A. As the new tax law has suspended the itemized miscellaneous deduction, these expenses are not deductible on form 8960 either.

Please see the instructions for form 8960, especially on page 18:

https://www.irs.gov/pub/irs-pdf/i8960.pdf

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Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

On form 8960, miscellaneous investment expenses on line 9c can be deducted only to the extent these items are deductible in Schedule A. As the new tax law has suspended the itemized miscellaneous deduction, these expenses are not deductible on form 8960 either.

Please see the instructions for form 8960, especially on page 18:

https://www.irs.gov/pub/irs-pdf/i8960.pdf

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Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

Is this correct for 9a and 9b too? In other words, if I am taking standard deduction (no schedule A) then I cannot deduct anything on 9a, 9b and 9c of form 8960?

Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

No, you can still claim expenses on 9a and 9b, even if you take the standard deduction.

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Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

I am not able to access the form to enter the value. I called support and they can’t help either. Do you know how I can enter the value in TurboTax online version?

Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

You do not enter directly on line 9a and 9b. They are transferred from entries in the corresponding sections.

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Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

Which corresponding sections as the values are blank on the form

Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

9a - Investment Interest Expenses come from entries in Deductions & Credits > Retirement and Investments > Investment Interest Expenses.
9b - State, Local and Foreign Income Tax come from foreign tax reported on your 1099-DIV for example.

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Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

Should not 9b calculated as follow as one of the reasonable method <a rel="nofollow" target="_blank" href="https://support.cch.com/kb/solution.aspx/sw43364">https://support.cch.com/kb/solution.aspx/sw43364</...>

Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

You can choose to use this option.

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Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

Investment interest expense is not flowing from investment interest expense to line 9a form 8960, How is this fixed

Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

Based on my research it seems 9a , 9b only comes in play when you are itemizing (schedule A). I tried couple of software and all are doing the same.

Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

IRS FAQ https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax seems to include the advisory expenses as a deductible to calculate net investment income.

Are investment advisory fees deductible on form 8960 in calculating net investment income for the 3.8% investment income tax?

You are incorrect.

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